EconAir

FIND POSTS BY CATEGORY CATEGORIES   The Beginning of the Industrial Revolution The theme of the following four sections of the blog is that innovation, not price competition, is the basis for understanding economic growth, competition, and analysis. Basic Concepts and Theory Market Behavior and Structure Market Dynamics and Information:  How Markets Work Economic Theory and Markets There is beginning a historic change in future populations. This will interact with other variables and have a serious, maybe profound, effect on future economic growth. Demographics and Economics American Economic History American History Management The world seems to be in the midst of radical political and social change. Where are we going? Can studying past periods and countries facing disrupting change help us navigate our times? Maybe. World War I:  The Beginning of the 20th Century The Roman Republic and America - Differences and Some Possible Parallels Economic and Fiscal Policy...

  Introduction to Economic Theory   It’s not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. Charles Darwin                                               Introduction and Summary Economic theory, generalizations about economies, and economic history began as attempts to understand the Industrial Revolution. The economic theory posts on this blog describe and analyze economic development and economic growth since the start of the Industrial Revolution in the late 1700s.  Some writers describe the current economic trends as the Fourth Industrial Revolution. Other observers and commentators believe that information and communication technology and applications have become so central to the economy that we are in the Information Revolution. And others believe that we are at the beginning of the Biotechno...